Focusrite Balance Sheet Health
Financial Health criteria checks 5/6
Focusrite has a total shareholder equity of £118.3M and total debt of £36.2M, which brings its debt-to-equity ratio to 30.6%. Its total assets and total liabilities are £200.6M and £82.3M respectively. Focusrite's EBIT is £18.1M making its interest coverage ratio 26.7. It has cash and short-term investments of £8.9M.
Key information
30.6%
Debt to equity ratio
UK£36.23m
Debt
| Interest coverage ratio | 26.7x |
| Cash | UK£8.92m |
| Equity | UK£118.31m |
| Total liabilities | UK£82.29m |
| Total assets | UK£200.59m |
Recent financial health updates
Recent updates
Focusrite's (LON:TUNE) Returns On Capital Not Reflecting Well On The Business
Apr 25
Analysts Just Slashed Their Focusrite plc (LON:TUNE) EPS Numbers
Mar 20At UK£2.85, Is Focusrite plc (LON:TUNE) Worth Looking At Closely?
Mar 19Why Investors Shouldn't Be Surprised By Focusrite plc's (LON:TUNE) 39% Share Price Plunge
Mar 19Focusrite plc's (LON:TUNE) Shares Climb 26% But Its Business Is Yet to Catch Up
Jan 02Calculating The Fair Value Of Focusrite plc (LON:TUNE)
Nov 17At UK£4.95, Is Focusrite plc (LON:TUNE) Worth Looking At Closely?
Jul 20Focusrite (LON:TUNE) Is Increasing Its Dividend To £0.021
Apr 29We Think Focusrite (LON:TUNE) Can Stay On Top Of Its Debt
Jan 07Investors Shouldn't Overlook The Favourable Returns On Capital At Focusrite (LON:TUNE)
Nov 19Is Focusrite plc (LON:TUNE) Trading At A 38% Discount?
Sep 16Should You Be Adding Focusrite (LON:TUNE) To Your Watchlist Today?
Aug 23At UK£10.65, Is It Time To Put Focusrite plc (LON:TUNE) On Your Watch List?
Aug 10Focusrite (LON:TUNE) Knows How To Allocate Capital
Jun 21Is There Now An Opportunity In Focusrite plc (LON:TUNE)?
Apr 28With EPS Growth And More, Focusrite (LON:TUNE) Is Interesting
Jan 23Is Now An Opportune Moment To Examine Focusrite plc (LON:TUNE)?
Jan 06We Take A Look At Why Focusrite plc's (LON:TUNE) CEO Compensation Is Well Earned
Dec 12News Flash: Analysts Just Made A Substantial Upgrade To Their Focusrite plc (LON:TUNE) Forecasts
Nov 24Shareholders Would Enjoy A Repeat Of Focusrite's (LON:TUNE) Recent Growth In Returns
Nov 10Do Focusrite's (LON:TUNE) Earnings Warrant Your Attention?
Sep 21Is It Too Late To Consider Buying Focusrite plc (LON:TUNE)?
Aug 29Focusrite (LON:TUNE) Is Very Good At Capital Allocation
Jul 17At UK£12.60, Is It Time To Put Focusrite plc (LON:TUNE) On Your Watch List?
May 27Do Focusrite's (LON:TUNE) Earnings Warrant Your Attention?
May 12Have Insiders Been Selling Focusrite plc (LON:TUNE) Shares This Year?
Mar 15Returns On Capital At Focusrite (LON:TUNE) Paint An Interesting Picture
Feb 15Is Focusrite plc's (LON:TUNE) Recent Stock Performance Influenced By Its Financials In Any Way?
Jan 29
What We Learned About Focusrite's (LON:TUNE) CEO Pay
Dec 30Focusrite (LON:TUNE) Has Rewarded Shareholders With An Exceptional 512% Total Return On Their Investment
Dec 14CFO & Executive Director Jeremy Michael Wilson Just Sold A Bunch Of Shares In Focusrite Plc (LON:TUNE)
Nov 26Financial Position Analysis
Short Term Liabilities: TUNE's short term assets (£101.7M) exceed its short term liabilities (£66.4M).
Long Term Liabilities: TUNE's short term assets (£101.7M) exceed its long term liabilities (£15.9M).
Debt to Equity History and Analysis
Debt Level: TUNE's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: TUNE's debt to equity ratio has increased from 0% to 30.6% over the past 5 years.
Debt Coverage: TUNE's debt is well covered by operating cash flow (29.4%).
Interest Coverage: TUNE's interest payments on its debt are well covered by EBIT (26.7x coverage).